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<DIV><FONT size=2>All,</FONT></DIV>
<DIV><FONT size=2> The bad news is that my portfolio was
down a little again this week and the NASD OTC, NYA, OEX, and SPX have all
broken through the bottom of their Intermediate Term Up Trend Channels (ITUTCs)
during the last two weeks. The good news is that my portfolio did make a
come back Friday, the RUT is still going strong reversing to the upside in the
bottom half of its ITUTC, and the DJI looks like it is bouncing off the bottom
of its ITUTC. </FONT></DIV>
<DIV><FONT size=2> During the week, I was stopped out of
AOL, SCH, and CISCO. I added positions in CMED, PMRY, and NEON. That
left me almost all small cap positions with 45% cash; stock positions in CMED,
CPU, FLC, IOM, NEON, NETA, and PMR; and LEAP calls on DELL and ABT.
Looking at the indices, I think they are setting up for the traditional June
summer rally. I also think that the large caps will come back, but this
time I think the small caps will also keep pace. Therefore, I want to move
in the direction of a mixed large and small cap portfolio. To do this,
this weeks pick is one of my all time favorites Microsoft (MSFT).</FONT></DIV>
<DIV><FONT size=2> MSFT at 80.69 just broke out of its
Short Term Down Trend Channel (STDTC) on good volume Friday. It set an all
time high of 95.63 on 4/6/99 before pulling back to a low of 75.5 on 5/26/99,
then moving up strong on Thursday and Friday to break out of the
STDTC. With the strong series of Long Term Up Trend Channels it has
in its past, I'd expect it to rapidly retest the April high. I have an
existing MetaStock StochRSI Sell signal in effect from April, but the
StochRSI 13 has been positive for a couple of weeks and the StochRSI 55 looks
like it just made a negative peak. In other words, the StochRSI indicators
are setting up for a buy signal and I'm jumping the gun based on trend channel
breakout. The fundamentals are good although the price/sales is high at
25.6, there is no debt, 5 yr. ROE is great at 34%, and 5 yr revenue growth is
just as good at 31%. I'm going to open a position Tuesday morning.
I'll set my initial target just under the all time high at 95 and my initial
stop just under the May low at 74 3/4.</FONT></DIV>
<DIV><FONT size=2> I'll send a MSFT.GIF chart to
everyone on the chart email list.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun May 30 21:24:00 1999
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: "Metastock" <metastock@xxxxxxxxxxxxx>
Subject: Weekly Pick
Date: Sat, 29 May 1999 15:02:06 -0700
Organization: Microsoft Corporation
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<DIV><FONT size=2>
<DIV><FONT size=2>All,</FONT></DIV>
<DIV><FONT size=2> The bad news is that my portfolio was
down a little again this week and the NASD OTC, NYA, OEX, and SPX have all
broken through the bottom of their Intermediate Term Up Trend Channels (ITUTCs)
during the last two weeks. The good news is that my portfolio did make a
come back Friday, the RUT is still going strong reversing to the upside in the
bottom half of its ITUTC, and the DJI looks like it is bouncing off the bottom
of its ITUTC. </FONT></DIV>
<DIV><FONT size=2> During the week, I was stopped out of
AOL, SCH, and CISCO. I added positions in CMED, PMRY, and NEON. That
left me almost all small cap positions with 45% cash; stock positions in CMED,
CPU, FLC, IOM, NEON, NETA, and PMR; and LEAP calls on DELL and ABT.
Looking at the indices, I think they are setting up for the traditional June
summer rally. I also think that the large caps will come back, but this
time I think the small caps will also keep pace. Therefore, I want to move
in the direction of a mixed large and small cap portfolio. To do this,
this weeks pick is one of my all time favorites Microsoft (MSFT).</FONT></DIV>
<DIV><FONT size=2> MSFT at 80.69 just broke out of its
Short Term Down Trend Channel (STDTC) on good volume Friday. It set an all
time high of 95.63 on 4/6/99 before pulling back to a low of 75.5 on 5/26/99,
then moving up strong on Thursday and Friday to break out of the
STDTC. With the strong series of Long Term Up Trend Channels it has
in its past, I'd expect it to rapidly retest the April high. I have an
existing MetaStock StochRSI Sell signal in effect from April, but the
StochRSI 13 has been positive for a couple of weeks and the StochRSI 55 looks
like it just made a negative peak. In other words, the StochRSI indicators
are setting up for a buy signal and I'm jumping the gun based on trend channel
breakout. The fundamentals are good although the price/sales is high at
25.6, there is no debt, 5 yr. ROE is great at 34%, and 5 yr revenue growth is
just as good at 31%. I'm going to open a position Tuesday morning.
I'll set my initial target just under the all time high at 95 and my initial
stop just under the May low at 74 3/4.</FONT></DIV>
<DIV><FONT size=2> I'll send a MSFT.GIF chart to
everyone on the chart email list.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV></FONT></DIV></BODY></HTML>
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